We had a post that was a proposal on the voting distribution of the LBI account.
At first I thought it was an April Fool's Joke until I looked at the date. Since it is long past it, I can only conclude that this is a legitimate, albeit completely misinformed proposal.
So let's us dig right in.
To start, we need to understand what LBI stands for. It supports the Leofinance platform and the tenets being set forth. Thus, we try to model the practices that are designed to be in the best interest of the ecosystem.
What does this mean?
It start with manual voting. No bots are used and every single vote is from a manual curation. In other words, there is a button pushed by a human person. I know because I am the one doing it all day long.
At the same time, LBI puts up quality posts. We do not post short form content. All writers compile posts of more than 500 words, often pushing 1,000. This is not a couple hundred word posts with a picture.
Finally, we support content of that nature. Trust me when I tell you, this can get to be rather difficult. Leofinance is al long-form platform yet a large portion of the posts are nowhere near that. In fact, many of them are barely more than what is on Twitter.
Now onto the proposal.
We start with this:
I propose that votes from the @lbi-token account should be distributed to LBI token holders in the first instance.
The answer to this is summed up by @melbournewest in the comment section.
Even though the author of the post disputed it, this is exactly what it is. One is exchanging money for votes. In the reply to the comment it even talks about it being incentive to buy the token. Even passed that, it would then automate upvoting using a bot. Isn't that what we are trying to get away from?
Then we have the issue of the posting. The proposal goes through a series of criteria to receive the vote.
Here is the problem, most LBI members posts are really not up to par. As stated above, many cant even get to 500 words with most being a fair bit lower. And how we are going to reward that type of behavior on a long form content platform.
The final issue with this comes from this statement:
The formation of a content curation team (including current curators) would be required. This would be done through a nomination and voting process through the @lbi-gov team. Roles and responsibilities would be determined through consultation with the gov and admin team before nominations are asked for.
In other words who is going to be on this committee. Are these people going to magically appear? How many people have volunteered to do things. The percentage of wallet holders who actually do anything for LBI, i.e. give their time, is very low.
Also, the post talks about getting a return. Well, there is a post made by LBI every day. This happens almost without fail. There are over 250 wallets holding LBI tokens.
Yet, on the LBI posts, there are around 15 top line comments on average. For a platform that wants to drive engagement, that is a horrible percentage.
Which brings up the return.
On the LBI posts, every top line comment (with the exception of "Nice Post" stuff) gets an upvote from the LBI account. Oftentimes, the replies to comments will also get votes.
As many will point out, not everyone creates long-form content. That is true. Yet everyone can leave a comment, especially for something they are supposedly involved in. Even the contest comments get upvotes which that is often just putting in a number.
How the engagement on the LBI posts is abysmal in spite of getting comments upvoted.
Here again, we see an example of someone putting forth an idea without any concern for the time and effort others are already doing to carry this load of this project.
Perhaps instead of a proposal, someone should offer to step up and write a post or two a week. After all, with 250 accounts with LBI, you would think that is at least 1 or 2 who could put together an article.
Actually, isn't that what this proposal as asking for? People to be upvoted for their content. Yet for some reason, none have the skills to write a post or two for LBI.
Here is the [post] for anyone who wants to read it.
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